Banyan Gold (CVE:BYN) Trading 5% Higher - Still a Buy?

Key Points

• Banyan Gold Corp. shares rose by 5% on Monday, reaching a trading price of C$0.42.
• The company's market cap is approximately C$138.53 million, and it has a negative PE ratio of -28.65.
• Banyan Gold focuses on exploration and development of gold and silver deposits across various projects in the Yukon Territory.

Banyan Gold Corp. (CVE:BYN - Get Free Report)'s stock price was up 5% during trading on Monday . The company traded as high as C$0.42 and last traded at C$0.42. Approximately 156,872 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 441,901 shares. The stock had previously closed at C$0.40.

Banyan Gold Trading Up 7.5%

The company has a market cap of C$151.73 million, a PE ratio of -31.38 and a beta of 1.59. The stock has a fifty day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.26.

Banyan Gold Company Profile

Banyan Gold Corp. engages in the exploration and development of precious metals. The company explores for gold and silver deposits. It holds 100% interest in the AurMac project that consists of 506 quartz mineral claims covering an area of approximately 9,230 hectares located in the Mayo Mining District, Yukon Territory; Hyland gold project comprises of 927 quartz mineral claims covering an area of totaling 18,620 hectares located in the Watson Lake Mining District, Yukon Territory; and Nitra gold project, which consists of 1,442 claims covering an area of approximately 296 square kilometers located in the Mayo Mining District, Yukon Territory.